Full text of H.6 Money Stock Measures : July 6, 1967
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For immediate release July 6 f 1967 The seasonally adjusted money supply continued to expand rapidly in June, averaging $1.9 billion higher than in May. Total time and savings deposits also continued to expand at a somewhat faster rate in June than in other recent months MOI.EY SUPPLY AND TIME DEPOSITS {Averages of daily figures, in billions of dollars) Seasonally adjusted 1 Period 1966— May June July August September October November December 1967—January February March Apr i l May Jun e p Week e n d !2£: 1967—May 3 10 17 1 24 31 Money Supply i 1 ! i , 170.2 171.1 169.6 1*9.6 170.5 169.6 169.2 170.3 | component 37.3 37.4 37.7 37.8 1 37.9 j 38.0 38.0 38.3 132.9 133 7 131.9 131.8 132.6 131.7 131.2 132.1 38.5 38.7 38.9 39.0 39.2 39.3 131.1 131.7 133.9 133.1 134.9 136.6 169.6 170.4 172.8 172.1 174.1 176.0 172 .2 172 .6 174.7 174.7 175 . 0 Demand d e p o s i t Currency Component Tota 1 | 1 1 39.1 39.2 39.1 39.2 39.2 j' , 133.2 133.4 135.6 135.5 135.8 1 Time d e p o s i t s adjusted ( A l l commercial banks ) | | 153.0 153.7* 155.3 156 .6 157.1 156.8 156.8 158.0 160.5 163.2 165.3 167.3 169.3 171.7 168.0 168.6 169 2 169.6 170.2 170.9 136.3 136.3 j 171.7 136.8 171.9 136.6 172 1 28 p ]: i76.o 136.5 171.6 175.9 | Average of l a s t 4 weeks ? 39-* 1 NOTE: Components may not add due to rounding . See reverse side for data without seasonal adjustments and for description of series. * - Break in series, for description see footnote on reverse side, p - Preliminary. June 7 14 p 21 p 175.5 175.7 176 .2 39.3 39.4 39.4 39.4 | j DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS (Averages of daily figures., in billions of dollars. Not seasonally adjusted.) 1 Money S u p p l y Period Tntal l U L a 196 6—May Time July August September October November December 1 1 1967—January February March April May * June p W e e k ending*&> 1967—M^y 3 10 17 24 31 1 J- 166.9 168.8 167.9 lo6.9 169 4 170 1 171.0 175.2 C u r r e n c y j Demand d e p o s i t component component 37.0 37.3 37.8 1 37.9 37.9 38.1 38.5 39.1 174.6 173.0 171,3 173.1 170.5 173.8 1 38 4 38.3 3&*5 38.6 38.9 39.2 129.9 131.5 130 1 129 1 131 5 132 1 132.5 136 2 136.2 131 7 132.8 134 5 131.7 134.6 Related d e p o s i t s ( A l l commercial banks) Time 1 U . S . Gov' t adlusted 1 demand 7.2 6.3 8.2 5.2 4.4 4.8 3.7 153.9 154.1* 155.8 157.0 156.9 156.6 155.6 156,3 j i j 1 1 160.0 163.3 166.1 168.1 170.2 172.4 1 3.5 42 ' 5.1 4.9 4.8 6.6 4.0 J | i 1 Jyne 7 14 p 21 p 28 p 172 1 170.8 171.2 168 8 1 170.- 38.5 39.1 38.9 38.8 38.8 133.6 131.7 132.3 130.0 131.7 172.7 I 174.2 175.9 j 172.5 1 39.3 39.4 39.3 39.1 133.4 134.8 136.6 133.5 j 168.8 169.5 170.1 170.6 171.2 171.7 172.4 172.4 172.6 1 6.7 7.9 6.7 6.6 5.0 3.4 2.3 4.8 5.2 s • • • • — - ^ ' ' - • . . — i ^Effective June 9, 1966, balances accumulated for payment of personal loans were reclassified for reserve purposes and are excluded from time deposits reported by member banks. The estimated amount of such deposits at all commercial banks ($1,140 million) is excluded from time deposits adjusted thereafter. p - Preliminary NOTE:' Money supply consists of (1) demand deposits at all commercial banks, other than those due to domestic commercial banks and the U S Government, less cash items in process of collection and Federal Reserve float; (2) foreign demand balances at Federal Reserve Banks, and (3) currency outside the Treasury, the Federal Reserve and the vaults of all commercial banks Time deposits adjusted ^are time deposits at «11 commercial banks other than those due to domestic commercial banks and the U.S, Government